Optex Systems (NASDAQ:OPXS) Shares Up 5.9% – What’s Next?

Optex Systems Holdings Inc. (NASDAQ:OPXS) was up 5.9% during trading on Tuesday . The stock traded as high as $13.84 and last traded at $13.41. Approximately 40,783 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 47,532 shares. The stock had previously closed at $12.66.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OPXS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Optex Systems in a report on Wednesday, May 13th. Freedom Capital raised shares of Optex Systems to a “strong-buy” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Optex Systems Stock Performance

The firm’s 50 day simple moving average is $11.52 and its 200-day simple moving average is $13.09. The company has a market cap of $93.33 million, a price-to-earnings ratio of 22.73 and a beta of 0.50.

Optex Systems (NASDAQ:OPXS) last announced its earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter. Optex Systems had a net margin of 10.00% and a return on equity of 19.33%. The company had revenue of $9.63 million for the quarter.

Institutional Investors Weigh In On Optex Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors acquired a new stake in Optex Systems during the 4th quarter worth $821,000. Marshall Wace LLP acquired a new stake in Optex Systems during the 2nd quarter worth $604,000. State Street Corp boosted its stake in Optex Systems by 22.2% during the 4th quarter. State Street Corp now owns 25,857 shares of the company’s stock worth $367,000 after purchasing an additional 4,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Optex Systems by 16.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,480 shares of the company’s stock worth $305,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in Optex Systems by 15.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 14,050 shares of the company’s stock worth $199,000 after purchasing an additional 1,890 shares during the last quarter. Institutional investors and hedge funds own 19.07% of the company’s stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.